As British Prime Minister Theresa May seeks to give the U.K. a leading role in world commerce after Brexit, she promised to put Britain first in trade talks with U.S. President Donald Trump this week. After she was challenged over… Read More ›
Economy & Finance
Weak Safeguards Shown by Samsung Note 7 Battery Fires, says U.S.
A U.S. consumer-safety regulator has concluded that the electronics industry’s voluntary standards for the design and manufacture of rechargeable batteries aren’t adequate has been revealed by defects that caused Samsung Electronics Co.’s Note 7 phones to burst into flames last… Read More ›
As Lawmakers Challenge Her Power, U.K.’s May Faces Brexit Revolt
U.K. Prime Minister Theresa May’s talks over leaving the European Union is getting complicated as she is battling a rebellion from her own lawmakers. Demanding that May publishes an official government document detailing her negotiating goals, at least six Conservative… Read More ›
EU tells China to walk the talk
Although Chinese President Xi Jinping has called for “inclusive globalization” China itself has enforced strong capital controls and has placed measures that impede global investment in its economy. With Chinese President Xi Jinping talking about protectionism at the World Economic… Read More ›
GE could potentially prop up Nigeria’s oil assets
The development has manifold potential for Nigeria – not only will it substantially slash its oil import bill but it could also strengthen its creaking power grid. In a strategic move aimed at recouping sunken cost in Nigeria’s oil refineries,… Read More ›
To Reduce Cyber Risks, EU Mulls Banking Stress Tests as Attacks Grow
As concerns grow about the industry’s vulnerability to hacking, European Union officials and sources said that the bock is considering testing banks’ defenses against cyber attacks. With criminals finding new ways to target banks beyond trying to illicitly obtain details… Read More ›
In Spite of Trump’s TPP, Nafta Moves, Optimism Emerges in Canada
Signs of optimism emerged from Justin Trudeau’s government that it can escape the upheaval relatively unscathed on a day when Donald Trump backed out of one trade deal that included Canada and pledged to reopen a second. With Trump atop the… Read More ›
Britain must get parliament’s approval for triggering Article 50 – UK’s Supreme Court
While this ruling was expected by analysts and lawmakers, it could complicate if not delay Theresa May’s 12-point plan of focusing on global trade. In a landmark ruling that could set Britain’s tone for Brexit, the UK’s Supreme Court has… Read More ›
China’s capital controls a worry – MSCI
In recent months, Beijing has clamped down on the flight of currency from its economy while denying the imposition of new capital control norms. Last year, the yuan fell to its 7 year low against the greenback. A top executive… Read More ›
Britain’s Supreme Court to decide whether parliamentary nod required to trigger Brexit
Analysts and lawmakers expect the Supreme Court’s ruling to go against the government. British Prime Minister Theresa May will find out today whether she will need the British parliament’s approval to trigger article 50 of the EU-Lisbon treaty. Britain’s Supreme… Read More ›
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